[bizaro86]

Originally Posted by Yoho

https://twitter.com/user/status/1605049498472177664

This might spell the end to any idea the Fed will pivot on rates in 2023. Japan reversing course with fears of inflation

The BoJ didn't move because they are worried about inflation, it was to protect the yen and to to protect Japanese corporate borrowers having access to funds.

And they didn't move their short rate, they only relaxed their peg on the 10 year. I don't think any other open economy pegs long rates, so Japan is a bit of an unusual case for sure.